Unsevered Ties?

The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

For an interesting article purporting to detail the history of the House Financial Services Committee Chair's relationship with Fannie Mae, See

"House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."

http://www.businessandmedia.org/printer/2008/20080924145932.aspx

A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

In order to solve what has been termed the financial crisis, it is necessary to identify the cause of Fannie Mae???s and Freddie Mac???s catastrophic failure.

The cause of their downfall is the partisan democrat pressure put on those companies to grant sub prime mortgages to persons who would be unable to repay those loans.

The democrat senators and representatives, who mandated that financial background checks be considered unnecessary and unwarranted, facilitated that irresponsible granting of mortgages to those unable to repay. The motive of the democrat members of Congress was strictly and blatantly partisan - to buy votes, and to maintain years of party support.

In 2005, John McCain co-authored a bill to investigate and regulate the faulty business practices of Fannie Mae and Freddie Mac, but that was opposed and defeated by the democrats in Congress.

On many occasions, President George W. Bush introduced proposals to regulate the mortgage lending companies, but those calls for regulation were opposed, obstructed, and defeated by democrats who were obsessed with the continuance of faulty lending practices.

In order to reform the financial sector, it is necessary that the sleazy politicians and top administration of those 2 mortgage companies who perpetrated fraudulent activity be publicly identified, investigated, and severely punished for their undermining the national economy.

It is only reasonable to expose the corrupt financial practices and their facilitators, and to remove them from any further activity, before any effort can be made to resurrect the American economy.
Otherwise, any attempt to do so will be useless, because the problems and perpetrators would still be present to frustrate and obstruct any meaningful remedial action.

Continued - A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

The first step toward economic recovery would be to isolate all sub prime mortgages from the assets of Fanny Mae and Freddie Mac, and to group the remaining viable ones into several stock options to be offered for sale to the public, and also as a bailout measure.

That would result in an immediate infusion of cash into the banking sector, thereby ensuring that credit could be granted to qualifying loan applicants.

Individuals or organizations who choose to buy those stock options should benefit additionally from any profits later realized by their investments.

Also, any profits resulting from the bailout option should be refunded to the INCOME TAX PAYERS only, since they would be the ones who would have financed the bailout.

Likewise, but separately, the various questionable sub prime mortgages should be bundled together into other stock options which would be structured to contain a mixture of both somewhat and less redeemable loans.

Those sub prime mortgage packages should be offered first to democrats, especially wealthy ones, who might be attracted to them by their being valued at a price of 80 cents on the dollar, based on the face value of the mortgages.
.
That would afford them the option to support what democrats viewed to be a noble cause (home ownership for the unemployed), and besides, it might enable the stock option buyers to profit by 20 percent if all of the sub prime mortgages would be somehow repaid by the homeowners.

Thus democrats, especially the likes of George Soros, Barack Obama, Ted Kennedy, Chris Dodd, Nancy Pelosi, Harry Reid, and Charlie Schumer (who supported the granting of sub prime mortgages irrespective of demonstrated ability to repay) would be able to ???put their money where their mouths are???!

Lastly, there should be a guarantee that no further sub prime mortgages be granted.
Home ownership is a GOAL for many financially responsible Americans - it is not a government sponsored RIGHT for all persons living legally and illegally in the US!

A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

In order to solve what has been termed the financial crisis, it is necessary to identify the cause of Fannie Mae???s and Freddie Mac???s catastrophic failure.

The cause of their downfall is the partisan democrat pressure put on those companies to grant sub prime mortgages to persons who would be unable to repay those loans.

The democrat senators and representatives, who mandated that financial background checks be considered unnecessary and unwarranted, facilitated that irresponsible granting of mortgages to those unable to repay. The motive of the democrat members of Congress was strictly and blatantly partisan - to buy votes, and to maintain years of party support.

In 2005, John McCain co-authored a bill to investigate and regulate the faulty business practices of Fannie Mae and Freddie Mac, but that was opposed and defeated by the democrats in Congress.

On many occasions, President George W. Bush introduced proposals to regulate the mortgage lending companies, but those calls for regulation were opposed, obstructed, and defeated by democrats who were obsessed with the continuance of faulty lending practices.

In order to reform the financial sector, it is necessary that the sleazy politicians and top administration of those 2 mortgage companies who perpetrated fraudulent activity be publicly identified, investigated, and severely punished for their undermining the national economy.

It is only reasonable to expose the corrupt financial practices and their facilitators, and to remove them from any further activity, before any effort can be made to resurrect the American economy.
Otherwise, any attempt to do so will be useless, because the problems and perpetrators would still be present to frustrate and obstruct any meaningful remedial action.

Nevermind the staff, what about the candidates? The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank is on the list as well.

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

For an interesting article purporting to detail Barney Frank???s long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx

Do Obama and the Democrats deserve a lift in the polls as a result of the financial and mortgage problems? The answer from history is a clear "NO." Here's the lead of a New York Times story on September 30, 1999 ???Fannie Mae Eases Credit To Aid Mortgage Lending??? [link below]. That's 1999 folks.

Here's the lead of a New York Times story on Sept. 11, 2003: "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago." [see link below]

McCain said in co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole."

What was Barney Frank and fellow Democrats saying at the time of these attempted reforms? According to reports, Representative Barney Frank(D-MA) claimed of the thrifts "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Representative Mel Watt (D-NC) added of the reforms "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing." [ See Community Reinvestment Act, link below w/ history]

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

http://article.nationalreview.com/print/?q=M2QwNDhkZTg2OGYzZjkzM2E2NDEwM2U5OGVkNTc0YzU=

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

The DEMOCRAT party has demonstrated its complete disregard and disgust for the prosperity of the American population and its economy.

It has put partisan politics above the welfare of the nation by its demonstrated sinister plan to decimate the financial industry.

By infiltrating the administration of Fanny Mae and Freddie Mac with its own DEMOCRAT operatives and sympathizers, it has encouraged and even forced those 2 companies to grant mortgages to party sympathizers who could not afford to repay those loans.

It managed to achieve that end by forcing those 2 entities to avoid conducting background financial checks and assessments into the status of applicants to repay those loans. As a result, mortgages were given to the unemployed, those on welfare, and even undocumented illegal immigrants.

In effect, a significant sector of the housing industry became a deceptively subsidized housing market.

Just as the radical group ACORN has schemed to flood the welfare system with applicants in order to undermine its ability to function, so also the DEMOCRAT party has schemed to undermine the ability of the financial markets to perform their vital roles.

But the American public DOES HAVE AN OPTION TO REGISTER ITS DISGUST WITH THE DEMOCRAT party that is hell-bent on stealing this election in order for it to decimate the capitalistic system which has facilitated American prosperity throughout its history.

Only 5 percent of the mortgages which have been granted by those 2 lending companies are uncollectible. They have become the financial sector???s Achilles heel because they have been repackaged several times as stock options, thereby multiplying their accumulative detrimental effect.

The remaining 95% of those mortgages are held by families which have bothered to assess their financial positions, optimistically apply for and obtain their mortgages, and continue to repay them.

But the responsible 95% are furious that whereas they have been financially responsible, they must now also subsidize the default mortgages of the irresponsible 5%.

The DEMOCRATS have forced them into an untenable corner, but they can show their disgust for the oppressive DEMOCRATS by voting them out of office in the House and Senate, and by electing a REPUBLICAN president and VP who will reform Washington so that another disgusting massive DEMOCRAT extortion scheme can never be perpetuated on American citizens.

Hallelujah!

During the presidential debate 2 nights ago, I was astonished to notice that Barack Obama has finally ???seen the light.???

He did ???a one hundred and eighty degree,??? by acknowledging in several instances that John McCain has, in what he has either said or done, actually been RIGHT!
It???s about time that Barack Obama began to resort to speaking the truth.

Was that a demonstration that the junior senator, who has merely 143 days of experience in that capacity (less the actual number of days that he spent scheming to enter the race for the presidency), has finally realized that John McCain greatly surpasses Obama???s capability to lead the nation as its president?

What was he hoping to achieve by reversing his established daily propensity to lie?
Did he think that John McCain, in his demonstrated ability to work in a bipartisan manner, would be generous enough to appoint Barack Obama either to his cabinet, or else to some other government position?

Maybe he expected that John McCain would take pity on him, and thereby appoint him to the position of ambassador to Kenya. In that capacity, maybe Barack Obama would be instructed to donate at least $10.00 to his half brother George Obama in order to raise his standard of living. What a noble and compassionate gesture that would be!

WHO SHOULD OVERSEE THE FIX and WHO SHOULD BE HEADING TO JAIL?

Too many have fed at the trough. What Fannie Mae and Freddie Mac executives did was illegal. Taking their cash favors was morally bankrupt.

http://pacificgatepost.blogspot.com/2008/09/fanny-mae-freddie-mac-congressional.html

Still no time to panic, but some executives and some in Congress should see jail time.

???.AND How about starting with all Senators who took cash from Fannie and Freddie?

Thats the old maverick-keep fighting against all of those washington lobbyists you claim to be so against!

What was Mr. McCain role in the bail-out?

http://voices.washingtonpost.com/the-trail/2008/09/25/mccain_stops_at_senate_en_rout.html?hpid=topnews

Nothing.

This is John McCain at his very Worst, which is actually his Most Apparent !!!

Attention: Have you seen John McCain on his own, in his Element [Town Hall] Fullof Gaffes and Missteps and you you think...

McCain can Really Handle Barack..C'Mon Now !!!


Source: The Huffington Post

During "Suspension" [McCain Grandstands],

When John McCain announced yesterday that he was suspending his campaign to help everyone solve the economy, and inviting Barack Obama to do the same, I must admit -- at first, I tried to think unconventionally, and I allowed myself to consider whether McCain's gesture, while almost certainly quixotic, might be sincere. Of course, soon after, I peeped the tick-tock, and learned that it originated with Obama encouraging a joint statement on the matter. For his trouble, Obama and his campaign basically got blindsided by this "suspension" maneuver. This is apparent on its face, and really should quash any suspicion that McCain's decision to suspend his campaign and inject himself into the bailout proceedings was some sort of "Country First," non-political gesture.

Of course, another clear sign that this campaign suspension is pure bunk is the fact that no suspending of the campaign has actually occurred! As documented on last night's Late Show With David Letterman, McCain's hasty exit didn't find the candidate beating a path to the halls of power, to lay hands on the nation's economy. His next stop was to sit down with Katie Couric, after which, he went...nowhere? You know, despite all the danger the country was in. Today, his surrogates have been out on teevee, in clear contravention of the suspension order. Nicolle Wallace and Tucker Bounds both appeared on MSNBC, sandwiching themselves around a campaign appearance McCain made himself at the Clinton Global Initiative. Meanwhile, at 10:00 am this morning, the actual leaders on this matter began their actual work on the bailout package. It's fair to say that they've already outpaced all of McCain's contributions on the bailout matter, even if we include the lovely set of talking points his campaign drew up for campaign volunteers to use in discussion -- you know, the campaign volunteers whose activities are supposed to have been, uhm...suspended.

But McCain is an honorable man, after all, and he is, at some point, coming to Washington, at President Bush's behest, not in pursuit of personal ambition, but of Solutions for America, right? Right? At AMERICAblog, Joe Sudbay notes that today's schedule of events casts doubt on this contention:

At 4:00 p.m., (ABC News reported via email) George Bush, whose approval rating on the economy is at 16% with a 76% disapproval, will be hosting the White House photo-op (that's what Barney Frank is calling it). John McCain will be there for that session.
Let's be clear: McCain will miss the meeting about substance. But, McCain will be there for the Grandstanding.

What Campaign Suspension !!

Bob Barr: On John Mccain's [Political Granstanding]

Take it away, Bob. Your 15 minutes seconds begin... now:


With the recent proposal of Senator John McCain to postpone the first presidential debate, it is clear that the Commission on Presidential Debates (CPD) has no authority.

"For the past several elections, candidates have used the CPD as an official buffer to keep competition out of the two-party presidential contest," says Libertarian Party presidential nominee Bob Barr. "McCain publicly proved with his announcement what we've been saying all along: The candidates call the shots as to when to debate, where to debate and who to debate."

Barr continued, "Given Senator McCain's political stunt to avoid the debate, I ask that Friday's debate moves forward without him, as I am more than willing to step in to participate."
A valiant effort, but something tells me that Obama's not going to bite. Although it is worth noting--as Barr does later in the release--that Jimmy Carter skipped first debate of 1980, forcing Ronald Reagan to battle independent challenger John Anderson all by his lonesome. Of course, Anderson was polling around 20 percent at the time; Barr's currently pulling a paltry 1 percent or so. That said, Reagan did go on to win the election. So maybe Obama should reconsider--provided Barr leaves the breast-milk cheese at home.

Sarah: Are you going to dress up your pregnant daughter as a witch this Halloween... would that make the unborn child witch proof? Also can you throw some witches at that "such leader of terrorist movement", so we can be free of "terrorist movement"? Pleeez

Lets run up another headline,since you nimrods at the Obama Propaganda Ministry,will not.

''Johnson To Lead Obama Briefing''

www.politico.com

Thats right folks. Just when you thought that FANNIE CEO and crook Jim Johnson was through with the Obama campaign,due to the COUNTRYWIDE loan mess that should have had Democrat Sen.Chris Dodd dragged before an Attorney Generals investigation rather than overseeing the bailout from his perch on the Senate Banking Committee,as he accepted the same deals that Johnson did,we find:

That Johnson never left. Indeed,Johnson is now running Obama ''strategy breakfasts'',with key Democrats in order to get their guy in. Lessee. What else do we have here that You Won't See On NEWSWEAK?

The Chicago Sun-Times Sept.25,2008: ''Obamas 100 Thousand Dollar Garden Grant Being Probed''

The Illinois state AG is getting to the bottom of a grant Obama shucked to his friend and 2000 congressional race adviser Kenny B.Smith for building a ''garden''that never got built.

Heres one from todays CNN :

Remarks,Alcee Hastings [Democrat congressman from Florida, impeached judge] Sept.24,2008 to audience of Jewish Democrats

''Anyone toting guns and stripping moose don't care what they do to Jews and Blacks''

Ahem. Who is playing ''race cards''NOW?

USA TODAY Sept.25,2008:''House Ethics Panel To Investigate Rangels[D-NY] Personal Dealings''

Lastly,we have Mr. GAFFE-O-MATIC Joe Biden,who today asserted,after his excellent coal mining and ''Roosevelt On TV '' adventures ,that The US already sent highranking State Dept diplomats ''To Tehran''. to deal with the Iranians.

Uhh. Joe.. That was in Geneva Switzerland. Not in Tehran,Iran.....

Back to you NEWSWEAK...

Media questions:

Sarah, Sarah! Can you talk a little about what it feels like to be free of witches? Have you seen any demons personally, if so, were they properly exorcised? How long after the cleansing are you Witch-Proofed? Has your family been properly witch-proofed too, how about the unborn child?